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John Bates Clark : the making of a neoclassical economist

Author: John F Henry
Publisher: New York, N.Y. : St. Martin's Press, 1995.
Series: Contemporary economists.
Edition/Format:   Print book : Biography : EnglishView all editions and formats
Summary:
This study details J.B. Clark's theoretical development, focusing on the rise of his marginal productivity theory of distribution, and demonstrates that Clark's work was prompted and promoted by the changing economic and social conditions of the period. It is shown that the writings of Clark's early 'Christian Socialist' period, are not as distinct from his mature period as is usually argued. In fact, Clark's
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Genre/Form: Biography
Named Person: John Bates Clark; John Bates Clark; John Bates Clark
Material Type: Biography
Document Type: Book
All Authors / Contributors: John F Henry
ISBN: 0312126093 9780312126094
OCLC Number: 31754259
Description: xi, 180 pages ; 22 cm.
Contents: 1. John Bates Clark: A Life, 1847-1938 --
2. The 'Christian Socialist' Period, 1877-1886 --
3. Clark after Haymarket --
4. The March to Distribution --
5. The Distribution of Wealth --
6. Clark, the Professionalization Process and the War Essays --
7. On Trusts, Organized Labor and Other Matters --
8. Conclusion.
Series Title: Contemporary economists.
Responsibility: John F. Henry.

Abstract:

This study details J.B. Clark's theoretical development, focusing on the rise of his marginal productivity theory of distribution, and demonstrates that Clark's work was prompted and promoted by the changing economic and social conditions of the period. It is shown that the writings of Clark's early 'Christian Socialist' period, are not as distinct from his mature period as is usually argued. In fact, Clark's religious beliefs are demonstrated to be significant in the understanding of the intellectual process through which he reached his mature stage of theoretical development.

Throughout this work, Clark's political perspective and his understanding of the threats to established authority are brought to bear on the argument as to what Clark himself thought he was accomplishing in setting forth his version of the productivity theory: Clark believed that theory should never be developed independently of existing authority and property relations. Rather, he believed that economic theory should be designed to uphold the sanctity of both authority and property.

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